5 Best Contract Management Courses For Beginners in 2024
Enroll in one of the top 5 Contract management online courses, certification, tutorials and programs. Free and paid contract management courses for beginners.
What is Contract Management?
Contract management is the systematic and efficient management of contracts between parties for the purpose of protecting rights, assets, and interests. Contract management processes include negotiating terms, specifications, and contract terms as well as ensuring compliance to those terms, documenting changes or amends if necessary, and analyzing contracts for performance maximization and risk minimization in order to achieve business goals.
A simple way to break this down would be to say that contract management runs through each stage of the life cycle, from creation to execution, while managing each stage's quality control processes & becoming one with the knowledge required to make prudent decisions.
Why is Contract Management important?
Contract management is an important part of any business plan. There are a lot of aspects to consider when managing contracts. It is a tool that helps businesses with their contractual agreements, especially when it comes to sharing those agreements with employees and outside entities.
Managing contracts is an important aspect of doing business. Having a contract means that two parties will be bound to the terms and conditions within it for a set amount of time before another contract or agreement can be made. In order to maintain compliance with your contracts, you'll have to identify all legal documentation regarding the contract including any amendments attached.
Top Contract Management Courses For Beginners List
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Best Contract Management Online Courses, Tutorials, and Programs
1. Complete Contract Management Bootcamp: Zero to Hero
Get certified & Learn about the key and most important concepts of Contract Management.
The course includes:
- Responsibilities and Assignments
- Starting Administering the Contract
- Subcontracting
- Handling Correspondences
- Insurances
- Bonds and Guarantees
- Progress Related Processes
- Handling Submittals
- Changes
- Claims
- Contract Law: A Brief Look
- Closing Out Contract
Initially, you will learn how to write effective contractual letters & business emails, and compare different types of claims in a project like acceleration, disruption, and extension of time. You will contemplate the key concepts like Pre-Contract vs Post-Contract, Main Contract vs Subcontract, JV vs Consortium, etc.
Next, you will develop your own contract management responsibilities matrix and will solve the "who does what" problem in your project. The course will also help you in building a comprehensive contract administration manual for your company.
Moreover, you will learn tips and tactics for effective tendering and subcontracting. You will also discuss different types of insurance and bonds fulfilling your project needs.
You can take the Complete Contract Management Bootcamp certificate course on Udemy.
Course rating: 4.5 out of 5.0 ( 701 Ratings total)
Duration: 6 h
Certificate: Certificate on purchase
2. Project Management Foundations: Procurement Online Class
Learn how to plan, manage, and execute project procurements, including procurement contracts, and explore emerging trends such as rapid procurement.
The course includes:
- Procurement Management Overview
- Common Procurement Pitfalls
- Critical Procurement Success Factors
- Procurement Management Processes
- How to Implement Procurements
- Emerging Trends: Project Procurement Management
This course explains what procurement management is and why it’s essential to your success as a manager. You will learn how to review key concepts, pitfalls, critical success factors, and implementation of best practices.
Moving on, you will learn how to collaborate more effectively with your vendors and contract management team by understanding different procurement contract types.
Plus, you will explore emerging trends such as rapid procurement and micro-purchases, which help speed up procurements.
You can take Project Management Foundations: Procurement Online Class certification course on Linkedin Learning.
Course rating: 4.7 out of 5.0 ( 1,249 Ratings total)
Duration: 1 h 12 m
Certificate: Certificate on purchase
3. Introduction to Contract Management
Understand what is involved in the contract management process and put this knowledge to work with confidence.
The course includes:
- Contract Law
- Common Contract Terms and Conditions
- The contract manager
- Negotiation
- Contract risks
- Contract administration
- Contract closure
With this Contract Management course, you will learn how to define a contract and understand the importance of knowing the parties. You will understand the building blocks of contracts and identify the key elements involved in contract formation.
Next, the course will demonstrate an understanding of common contract terms and conditions. You will learn how to identify potential contractual issues, and variations, and manage them.
Additionally, you will learn how to find out key contract risks, finalize contracts, and gain continuing professional development points with the presentation of your completion certificate to organizations such as CIPS.
You can take Introduction to Contract Management certificate course on Udemy.
Course rating: 4.4 out of 5.0 ( 990 Ratings total)
Duration: 3 h 30 m
Certificate: Certificate on purchase
4. Contracts Management in Construction Projects
Learn about Contract Management, Contract Administration, FIDIC, Bank Guarantees, etc.
The course includes:
- Contract Arrangments
- FIDIC Timelines
- Contractual Letter
- Bank Guarantees
- FIDIC Books
- Variation vs Claim
- Termination Clause
- Delay Damages
Here, you will learn about the different contracting arrangements utilized in different types of construction projects. You will also learn about the entire FIDIC conditions of the contract for construction for building and engineering works timelines that need to adhere to in the construction works.
Plus, you will receive helpful tips & step by step procedures on how to draft a contractual letter. You will also learn about the different bank guarantees in construction projects.
You can take Contracts Management in Construction Projects certificate course on Udemy.
Course rating: 4.1 out of 5.0 ( 561 Ratings total)
Duration: 1 h 30 m
Certificate: Certificate on purchase
For a more detailed view of the field of Business, you can check out our curation of some of the Best Business Courses available online!
5. Contract Management for Beginners
Learning the basics of Contract Management so you can apply them to your everyday work.
The course includes:
- Introduction to Contract Management for Beginners
- What is Contract Management?
- Pre-Signature Contract Management
- Post-Signature Contract Management
Initially, you will learn what contract management is and how you can undertake contract management within your organization. You will also understand what pre-signature contract management is and how to apply pre-signature contract management activities within your organization.
Moving on, you will learn what is post-signature contract management and how to apply post-signature contract management activities within your organization.
You can take Contract Management for Beginners certificate course on Udemy
Course rating: 4.4 out of 5.0 ( 71 Ratings total)
Duration: 1 h 30 m
Certificate: Certificate on purchase
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